© Reuters.
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LONDON (Reuters) – The United kingdom Treasury estimates that the country’s gas and electricity producers could file a earnings surplus of up to 170 billion (198 billion) around the future two several years, Bloomberg News claimed Tuesday.
Europe is going through substantial improves in electrical energy expenditures, driven by the sharp increase in gasoline price ranges, while the war in Ukraine and European sanctions on Russia increase fears about the stability of gas materials.
Bloomberg cited an unpublished British isles Treasury examination showing that close to 40 % of extra earnings will go to electrical power producers.
The Uk Treasury did not instantly answer to a request for comment.
The United kingdom authorities has previously introduced a 25 per cent tax on the surplus income of oil and fuel producers in the North Sea.
When the move was introduced in May possibly, the federal government also claimed it would contemplate a identical tax on energy producers, but outgoing Primary Minister Boris Johnson still left any determination concerning his predecessor, which should really be named following. 7 days.
(dollar = .8578 pounds)
(Organized by Wagdy Al-Alfi for the Arabic Bulletin)
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